Available

Lake George Gas Station - C Store, Restaurant & Apartments w/ Prime Real Estate

$4.900.000

  • 12742
  • Saratoga, New York

Financial Information
Gross Sales $2.700.000
Asking Price $4.900.000
Net Cash Flow $850.000
Property Information
Category Business With Real Estate
Headline Lake George Gas Station - C Store, Restaurant & Apartments w/ Prime Real Estate
Description

PRICE REDUCED – Family Relocating Overseas! Multi-Income Gas Station, Restaurant, Retail & Residential Opportunity with Real Estate | Asking $4.9M

Rare opportunity to acquire one of the most unique and recognizable commercial properties in the New York market. Due to family members going their separate ways and relocating out of the country, ownership has significantly reduced the asking price and is motivated to sell.

This fully owner-operated destination property includes a high-volume gas station, convenience store, 3-story restaurant, additional retail/commercial space, and apartment/office-style living quarters — all included with the real estate.

Strategically positioned as the first gas station and restaurant travelers encounter entering the area from the highway, the property benefits from tremendous tourism exposure and year-round traffic. Located directly across from a busy mini-golf attraction and only minutes from the Village and the lake itself, this site sits in the center of one of Upstate New York's strongest seasonal tourism markets.

Ownership has invested approximately $4.3 million into the property since 2007, including land acquisition, 25,000-gallon underground double-wall fuel tanks, fuel infrastructure, restaurant expansion, commercial additions, and continuous modernization. Nearly $2 million has been reinvested over the past five years alone, creating a true destination property featuring custom LED lighting, imported stone finishes, artificial palm trees, rooftop seating, and a distinctive Middle Eastern and Caribbean-inspired design.

The business currently generates approximately $2.7M+ in annual gross revenue with approximately $850K+ annual cash flow.

Additional upside exists through the mixed-use retail, office, and residential components of the property. Leasing the additional commercial and residential space can further increase both revenue and overall cash flow for an owner-operator or investor.

Property Features Include:

• 6 Fuel Pumps (including 2 Diesel Pumps)  
• 25,000-Gallon Double-Wall Fiberglass Underground Tanks (Approx. 17 Years Old)  
• Fully Operational Convenience Store (Approx. 2,000 SF)  
• Fully Operational Three-Story Restaurant (Approx. 4,100 SF)  
• Rooftop Seating, Outdoor Deck Seating & Indoor Dining  
• Large Walk-In Cooler Featuring 21 Glass Doors & 3 Compressors  
• Additional Retail/Commercial Space for Future Rental Income  
• Newly Constructed Mixed-Use Retail, Office & Residential Building (Built in 2021)  
• Approx. 825 SF First-Floor Retail/Commercial Space  
• Second-Floor Apartment/Office Configuration with Kitchen, Bathroom, Offices & Bedrooms  
• Apartment/Office-Style Upper Level with Multiple Rooms, Living Area, Kitchen & Bath  
• Approximately 22 Parking Spaces Plus Fuel Pump Parking  
• Four Bathrooms On-Site

Fuel sales remain exceptionally strong, averaging approximately 400,000 gallons annually, with significant seasonal increases during peak tourism months. The business also benefits from being one of the only late-night operations in the area, remaining open until 2:00 AM while most competitors close substantially earlier.

The restaurant has developed a loyal local and tourist following, generating approximately $30,000–$40,000 per month during the winter season and exceeding $100,000–$150,000 per month during peak summer months.

Further upside exists from a nearby 400-unit apartment development currently under construction, which is expected to substantially increase year-round population density, traffic counts, and customer demand.

Commercial properties of this scale, visibility, and income diversity rarely become available. This is an ideal acquisition for an investor, operator, hospitality group, or partnership seeking a landmark destination asset with multiple revenue streams, real estate ownership, strong tourism exposure, and significant long-term growth potential.

Newly Reduced Asking Price: $4.9 Million - Businesses & Property

Ownership is motivated due to family members relocating overseas and is prepared to consider serious offers from qualified buyers.

NDA, Proof of Funds, and Buyer Qualification Required.

Overview
Property ID: 12742
Type: Business With Real Estate
Share:
Contact Broker
Featured properties

The Most Recent Estate

Absentee-Owned Early Childhood Education Center | Los Angeles, CA | $360K SDE | Real Estate Available
Featured Available
Business With Real Estate

Los Angeles, California

12769

Business DescriptionExceptional opportunity to acquire a well-established early childhood education center located in a desirable and family-oriented...

Eli Rafailov
Eli Rafailov
$1.800.000
Upscale Roslyn Turnkey Interior Design Boutique —  Established Audience & Industry Contacts Included
Featured Available
Business With Real Estate

Nassau, New York

12759

This is a rare opportunity to acquire a fully operational, beautifully built-out interior design boutique — without the years of groundwork it takes t...

Frankie Gregoire
Frankie Gregoire
$199.000
Turnkey Laundromat, Providence County, RI
Featured Available
Business With Real Estate

Bristol, Rhode Island

12758

Business OverviewHere is a rare opportunity to enter the laundromat industry at an accessible price point with strong cash flow. This self-service lau...

Brendan Edmonds
Brendan Edmonds
$295.000
Turn Key Metro Boston Laundromat
Featured Available
Business With Real Estate

Middlesex, Massachusetts

12757

Business OverviewHere is a rare opportunity to enter the laundromat industry at an accessible price point with  strong cash flow. This self-service la...

Brendan Edmonds
Brendan Edmonds
$250.000
Established Court Reporting & Litigation Support Platform | Recurring Legal Revenue | Highly Profitable Growth Opportunity
Featured Available
Business With Real Estate

Suffolk, New York

12748

Established Court Reporting & Litigation Support Company | Recurring Legal Industry Demand | Scalable Service PlatformThis is a rare opportunity to ac...

Ralph Galdorisi
Ralph Galdorisi
$850.000
$500K+ Net Profit | 1,000+ Accounts | $8M Revenue | Recurring B2B Cash Flow | Scale Ready
Featured Available
Business With Real Estate

New York, New York

12747

High-Volume Vape Distribution Platform | $7M–$8M Revenue | 1,000+ Active Accounts | Scalable Multi-State OpportunityThis offering presents the opportu...

Ralph Galdorisi
Ralph Galdorisi
$1.000.000
High-Growth New York Cannabis RARE Opportunity | 15% Ownership Offered | $20M Projected Revenue
Featured Available
Business With Real Estate

New York, New York

12746

Seeking Strategic Investment Partner for Minority Ownership PositionEstablished and rapidly scaling cannabis retail operation located within a highly...

John Gallogly
John Gallogly
$3.850.000
Your experience on this site will be improved by allowing cookies.